Nimiq: World’s First Browser-Based Blockchain Ecosystem

Currently, many people and companies are interested in participating in the Blockchain Industry; some are buying Bitcoin to keep while the price goes up, others want several cryptocurrencies to trade, and some are interested in the idea of cryptocurrency mining. The truth is, in many instances the barrier of knowledge and technology prevents people who want to participate and get involved in the Blockchain Industry, especially in the mining area. Anybody used to be able to do mining with a homemade laptop, but today people need equipment that could easily exceed a $2,000 investment, plus the specific knowledge required for the installation and maintenance of the equipment. This has made mining ‘centralized’ so that only the people who have this specific knowledge can do mining on their own. True decentralization is impossible if access to blockchain technology is limited to only the technically-oriented people. Until blockchain can be picked up with general recognition usage, its true power remains unrealized. This can be seen in the global Bitcoin hashrate where more than 50% is dominated by three mining pools.

Nimiq has found an innovative solution to the tech-savvy situation that the blockchain industry has now regarding mining, making it as easy to use for any user as accessing the internet. Nimiq is building the world’s first browser-based blockchain, a Third-Generation Blockchain Protocol that enables people to begin mining by accessing the internet. The technical part is based on an operational Betanet that’s already live, where users can experience first-hand how simple it is to mine inside a browser, and the installation is free. With barriers to entry significantly lowered, anyone can join the network, mine and transact.

This idea is even eco-friendly since it does not depend on any exaggerated energy capacities to operate.

Nimiq is introducing a Blockchain technology native to the WWW. An innovative idea that could easily attract almost anybody with access to the Internet, since it won’t require a vast knowledge of the blockchain industry to begin, and it is eco-friendly. This is an idea that will hopefully develop the industry.

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

Abel is a Fintech enthusiast experienced with blockchain technology. With a BBA and a master degree in e-commerce, he combines his passion writing about the Blockchain Industry, Cryptocurrencies and Fintech. When he is not working, he loves playing online games.